Issue of Equity

Centamin Egypt Limited
17 December 2007

17 December 2007

                             Centamin Egypt Limited
                         ('Centamin' or 'the Company')


                                Issue of Equity


Centamin Egypt Limited (TSX:CEE, ASX:CNT, AIM:CEY) announces that, following the
exercise of unquoted broker warrants, 751,431 ordinary shares have been issued
and allotted at an exercise price of C$0.8600 per share. A further 100,000
ordinary shares have been issued and allotted following the exercise of unquoted
employee options at an exercise price of A$0.7106 per share.


Application has been made for the new ordinary shares to be admitted to trading
on AIM. The new ordinary shares will rank pari passu with the existing ordinary
shares in the Company and trading of these shares on AIM is expected to commence
on 21 December 2007.


The total number of Ordinary Shares on issue following this issue is
762,123,163.


For more information please contact:


Centamin Egypt Limited

+ 61 (8) 9316 2640

Josef El-Raghy

www.centamin.com



Pelham Public Relations

+ 44 (0) 207 743 6376

Candice Sgroi

Mobile: + 44 (0) 7894 462 114



Ambrian Partners Limited

+ 44 (0)207 776 6400

Richard Brown



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